Taking a premium of 15% to 20%, CHMOBIL-C3 will be trading between RM0.575 to RM0.740. Referring to the table, I reckon that HKEX-C1 will perform better. At 15% to 20% premium, HKEX-C1 will be trading between RM0.93 to RM1.13. That is equivalent to a 45.5% to 78% gain in price.
Another two zero strike call warrants will be listed tomorrow; CHMOBIL-C2 at RM31.568 and HKEX-C2 at RM37.963. Zero strike call warrants has no strike price/exercise price and the conversion ratio is 1 to 1. Both the zero strike CWs have a longer maturity period which is 24 months. In order to get the call warrant's fair value, just factor in the exchange rate onto the underlying share price.
PS: There is no recommendation to buy or to sell the CWs mentioned. This is merely a reference for those who have obtained the CWs at subscription price.
No comments:
Post a Comment